China May Lift Fiscal Revenue Growth Target for First Time in Five Years

By Wang Xiaoxia and Fran Wang

(Beijing) — China may raise its target for fiscal revenue growth this year for the first time in five years, an official document shows, although the goal remains fairly conservative in the face of slowing economy growth.

The central government has “estimated preliminarily” that national fiscal revenue will increase 5% this year, according to the annual budget report of the Finance Department of the central province of Hunan, published on its website this week.

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